MI HB4719

Establishes a tax credit for taxpayers who purchase new residences or retrofit existing residences designed to improve accessibility and provide universal visitability, effective for tax years beginning January 1, 2016.

Credit amounts to 4.0% of the purchase price for new residences or 50% of retrofit costs, capped at $5,000 per residence, and is not available for rental properties.

Requires taxpayers to obtain certification from the Michigan State Housing Development Authority by February 28 of the following tax year and attach the certificate to their income tax return.

Limits total annual credits statewide to $1,000,000, with $500,000 allocated for new residence purchases and $500,000 for retrofits, with unused allocations transferable between categories.

Allows unused credits exceeding annual tax liability to be carried forward for up to 7 tax years; defines "accessibility" as design accommodating individuals with physical limitations verified by physician and "visitability" as including zero-step entrance, main floor bathroom, and 32-inch doorway clearances.